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<br /> <br /> <br />Hillside Heights Apartments, Elk River, Minnesota <br /> <br />Market Analyst Professionals, LLC 39 April 24, 2020 <br />Economic Characteristics and Trends <br /> The subject is located within Elk River, with a high concentration of employment located a short <br />distance to the southeast in and near Minneapolis. Within the PMA, approximately 20 percent of workers <br />find employment within a less than 15 minute travel time, while an additional 27 percent of workers find <br />employment within a 30 minute radius. Commute times within the city and PMA are higher relative to <br />the county and state as a whole. <br /> <br />Employee Commute Times <br />City of County of State of <br />Elk River PMA Sherburne MN <br />2010 Total Workers via Census 12,460 46,085 47,808 2,812,166 <br />Travel Time: < 15 Minutes 2,828 9,569 9,514 877,396 <br />Percent of Workers 22.7% 20.8% 19.9% 31.2% <br />Travel Time: 15 - 29 Minutes 3,202 12,489 13,673 1,060,187 <br />Percent of Workers 25.7% 27.1% 28.6% 37.7% <br />Travel Time: 30 - 44 Minutes 3,103 13,268 10,900 539,936 <br />Percent of Workers 24.9% 28.8% 22.8% 19.2% <br />Travel Time: 45 - 59 Minutes 1,707 6,300 6,358 185,603 <br />Percent of Workers 13.7% 13.7% 13.3% 6.6% <br />Travel Time: 60+ Minutes 1,620 4,453 7,315 149,045 <br />Percent of Workers 13.0% 9.7% 15.3% 5.3% <br />Avg Travel Time in Minutes for Commuters 31 30 32 23 <br />Source: Census of Population and Housing, U.S. Census Bureau; ESRI <br /> <br />